LRB-2152/2
JK:kjf:sh
2007 - 2008 LEGISLATURE
April 13, 2007 - Introduced by Senators Leibham, Roessler, Darling and Lassa,
cosponsored by Representatives
Townsend, Lothian, F. Lasee, Bies,
Hilgenberg, Hraychuck, Sinicki, Mursau, Albers, Wood and Gunderson.
Referred to Committee on Veterans and Military Affairs, Biotechnology and
Financial Institutions.
SB146,1,3
1An Act to amend 71.07 (6e) (a) 2. b. and 71.07 (6e) (a) 3. d. of the statutes;
2relating to: expanding eligibility to claim the veterans and surviving spouses
3property tax credit.
Analysis by the Legislative Reference Bureau
Current law provides a refundable individual income tax credit that may be
claimed by certain U.S. armed forces veterans and by the unremarried surviving
spouses of certain veterans or members of the national guard or reserves. Generally,
the amount of the credit that may be claimed is the amount of property taxes paid
by a claimant on the claimant's principal dwelling in the year to which the claim
relates. Because the credit is refundable, if the amount of the credit for which the
claimant is eligible exceeds the claimant's tax liability, the excess amount of the
credit is paid to the claimant. To be eligible to claim the credit, a veteran, or the
individual to whom the unremarried surviving spouse was married, must have a
service-connected disability of 100 percent as calculated under federal law.
Under the bill, a veteran, or the individual to whom the unremarried surviving
spouse was married, must have a service-connected disability of at least 60 percent
in order to claim the credit.
For further information see the state fiscal estimate, which will be printed as
an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
SB146, s. 1
1Section
1. 71.07 (6e) (a) 2. b. of the statutes is amended to read:
SB146,2,82
71.07
(6e) (a) 2. b. An individual who had served on active duty under
3honorable conditions in the U.S. armed forces or in forces incorporated as part of the
4U.S. armed forces; who was a resident of this state at the time of entry into that active
5service; who was at least 65 years of age at the time of his or her death or would have
6been 65 years of age at the close of the year in which the death occurred; who was a
7resident of this state at the time of his or her death; and who had a service-connected
8disability rating of
100 at least 60 percent under
38 USC 1114 or
1134.
SB146, s. 2
9Section
2. 71.07 (6e) (a) 3. d. of the statutes is amended to read:
SB146,2,1110
71.07
(6e) (a) 3. d. Has a service-connected disability rating of
100 at least 60 11percent under
38 USC 1114 or
1134.
SB146,2,1613
(1) This act first applies to taxable years beginning on January 1 of the year
14in which this subsection takes effect, except that if this subsection takes effect after
15July 31 this act first applies to taxable years beginning on January 1 of the year
16following the year in which this subsection takes effect.
